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The northwestern U.S. state of Washington 's economy grew 3.7% in 2016, nearly two and a half times the national rate. Average income per head in 2009 was $41,751, 12th among states of the U.S. The United States' largest concentration of STEM (science, technology, engineering and math) workers reside in Washington state.
The capital gains tax generated $896 million for state coffers in 2023. By law, the first $500 million from the capital gains excise tax each fiscal year is deposited in the Education Legacy Trust ...
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. [2]
Property tax was the first tax levied in the state of Washington, and its collection accounts for about 30% of Washington's total state and local revenue. It continues to be the most important revenue source for public schools , fire protection, libraries , parks and recreation, and other special-purpose districts.
The Edmonds School District and Washington Education Association, which intervened in the case on behalf of the state, said it agreed that the capital gains tax is an excise tax.
Washington. No State Income Tax. West Virginia. 3% to 6.5%. Wisconsin. 3.54% to 7.65%. Wyoming. No State Income Tax. States With Flat Tax Rates. With flat tax rates, you pay the same tax rate no ...
e. Washington Initiative 732 (I-732) was a ballot initiative in 2016 to levy a carbon tax in the State of Washington, and simultaneously reduce the state sales tax. It was rejected 59.3% to 40.7%. [1] The measure appeared on the November 2016 ballot. [2] The backers of I-732 submitted roughly 350,000 signatures in December 2015 to certify the ...
A former California water official has pleaded guilty to conspiring to steal water in a deal with federal prosecutors in the state's crop-rich Central Valley. The Los Angeles Times reports Tuesday ...